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About Foxy
Disclosures
Foxy risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Foxy. All crypto assets are risky, there are general risks in investing in Foxy. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Foxy’s price performance
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Foxy FAQ
Dive deeper into Foxy
FOXY stands as the inaugural "culture coin" on the Linea platform, blending the appeal of a memecoin with the functionality of a community hub to promote cultural development within its ecosystem. Positioned as a digital asset with a focus on community and cultural identity, FOXY token is exclusively available on the Linea blockchain. This availability marks it as a pivotal element of the platform, designed to incentivize community engagement and active participation.
The Linea blockchain, which serves as the foundation for FOXY token, is a notable advancement in blockchain technology. It operates as an L2 network, augmenting Ethereum's capabilities without sacrificing security or the user experience. Supported by ConsenSys, Linea is engineered based on the tenets of rapid transaction finality, increased throughput, and minimized transaction fees, all while upholding Ethereum's established security protocols. As Linea's mascot and the first culture coin, FOXY highlights the network's dedication to fostering community-led development and advancing Ethereum's infrastructure with cutting-edge Layer 2 solutions like zkEVM rollups.
How does Foxy work
Linea, propelled by ConsenSys, simplifies the experience for developers on its L2 network with immediate integrations to essential tools like MetaMask and Truffle. This user-friendly approach allows creators to focus on innovation without the intricacies of platform compatibility.
Utilizing zero-knowledge proofs and full Ethereum Virtual Machine (EVM) equivalence, Linea empowers developers to effortlessly scale or migrate dapps, bypassing the need for code adjustments or smart contract rewrites. The platform’s architecture ensures swift transactions and reduced gas fees, all while securing the network's integrity. With Linea’s accessible and modular framework, developers can harness the potential of zkEVM technology for diverse applications, contributing to the vibrant ecosystem of Ethereum.
Foxy Prices & tokenomics
The total supply of Foxy tokens is 10 billion, with a planned airdrop for the top 100,000 MetaMask swappers, rewarding active users and fostering engagement in the Foxy ecosystem.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.